(Edgar Glimpses Via Acquire Media NewsEdge) Forward-Looking Statements
Statements in this report may be "forward-looking statements." Forward-looking
statements include, but are not limited to, statements that express our
intentions, beliefs, expectations, strategies, predictions or any other
statements relating to our future activities or other future events or
conditions. These statements are based on current expectations, estimates and
projections about our business based, in part, on assumptions made by
management. These statements are not guarantees of future performance and
involve risks, uncertainties and assumptions that are difficult to predict.

Therefore, actual outcomes and results may, and are likely to, differ materially
from what is expressed or forecasted in the forward-looking statements due to
numerous factors, including those described above and those risks discussed from
time to time in this report, including the risks described under "Risk Factors"
in our Form 8-K filed March 21, 2013 and any risks described in any other
filings we make with the SEC. Any forward-looking statements speak only as of
the date on which they are made, and we do not undertake any obligation to
update any forward-looking statement to reflect events or circumstances after
the date of this report.

Our discussion and analysis of our financial condition and results of operations
are based upon our financial statements, which have been prepared in accordance
with accounting principles generally accepted in the United States. The
preparation of these financial statements requires us to make estimates and
judgments that affect the reported amounts of assets, liabilities, revenues and
expenses. On an on-going basis, we evaluate these estimates, including those
related to useful lives of real estate assets, cost reimbursement income, bad
debts, impairment, net lease intangibles, contingencies and litigation. We base
our estimates on historical experience and on various other assumptions that are
believed to be reasonable under the circumstances, the results of which form the
basis for making judgments about the carrying values of assets and liabilities
that are not readily apparent from other sources. There can be no assurance that
actual results will not differ from those estimates.

Our Company
Brazil Interactive Media, Inc., is a publicly listed company quoted on the OTCQB
under the symbol "BIMI." The Company is a Delaware corporation formed on
September 24, 2001 with the name Naturewell, Incorporated, which in the first
quarter of 2013, became Brazil Interactive Media, Inc. through a merger that
resulted in the Company becoming the owner of a Brazilian interactive television
technology and television production company, BIMI, Inc. Prior to 2013, the
Company business was the research and development of healthcare products
intended for a variety of health conditions. On May 9, 2008, the Company
completed the sale of essentially all of its assets, as a result becoming a
shell company as defined under Rule 12b-2 of the Exchange Act. As described
below, the Company ceased to be a shell company when it acquired a Brazilian
television and interactive media technology company in March of 2013.

On May 15, 2014, the Company entered into an Agreement and Plan of Merger (the
"Merger Agreement"), between the Company, Cannamerica, Inc., Delaware
corporation and a wholly owned subsidiary of the Company ("Merger Sub"), and
Hollister & Blacksmith, Inc. d/b/a American Cannabis Consulting, Inc., a
Colorado corporation ("ACC"). Pursuant to the Merger Agreement, Merger Sub will
be merged with and into ACC through a reverse triangular merger transaction upon
the terms and subject to the conditions of the Merger Agreement, and in
accordance with the General Corporation Law of the State of Delaware. Pursuant
to the transactions contemplated by the Merger Agreement, (i) each share of
common stock of ACC will be exchanged for shares of the Company based on a ratio
of 3,171.0628 to one, (ii) ACC shall continue as the surviving corporation after
the transactions contemplated by the Merger Agreement, (iii) each share of
common stock of Merger Sub will be converted into and exchanged for one share of
common stock of ACC and (iv) the Company shall change its name to "American
Cannabis Company, Inc." ACC was incorporated as Hollister & Blacksmith, Inc. on
March 5, 2013 under the laws of the State of Colorado, and is based out of
Denver, Colorado.

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On May 16, 2014, the Company entered into a Separation and Exchange Agreement
(the "Separation Agreement"), by and among the Company, BIMI, Inc., a Delaware
corporation and wholly-owned subsidiary of the Company, and Brazil Investment
Holding, LLC ("Holdings"), a Delaware limited liability company and the majority
stockholder of the Company. Pursuant to the Separation Agreement, the Company
agreed to distribute all shares of common stock of BIMI, Inc. held by the
Company in exchange for all of the common stock held by Holdings, thereby
resulting in a complete separation of BIMI, Inc. The Company and BIMI, Inc. each
shall retain all assets and liabilities in its respective name, and shall take
any and all actions necessary so that (i) the Company will own or be liable for
all existing Company assets and liabilities and (ii) BIMI, Inc. will own or be
liable for all existing BIMI, Inc. assets and liabilities, including all assets
and liabilities of BIMI Inc.'s subsidiaries. The Separation Agreement further
provides that all intercompany agreements by and between the Company, or any of
its subsidiaries, and BIMI Inc., or any of its subsidiaries, are terminated
except for confidentiality, non-disclosure or release of liability agreements.

The foregoing descriptions of the Merger Agreement and Separation Agreement do
not purport to be complete and are qualified in their entirety by the terms of
the Merger Agreement, which is filed as an exhibit to the Form 8-K filed by the
Company with the Securities and Exchange Commission on May 15, 2014 and the
terms of the Separation Agreement, which is filed as an exhibit to the Form 8-K
filed by the Company with the Securities and Exchange Commission on May 20,
2014. Further, additional information relevant to the transactions contemplated
by the Merger Agreement and Separation Agreement can be found in the Company's
Preliminary Information Statement filed on Schedule 14C with the Securities and
Exchange Commission on May 29, 2014, as amended June 16, 2014 and July 29, 2014.

Business and Operations of the Company
Prior to the effectiveness of the Separation Agreement, the Company was the
parent of Brazil Interactive Media Participações, Ltda., a Brazilian holding
company, which through its wholly-owned subsidiary, EsoTV Brasil Promoção
Publicidade Licenciamento e Comércio Ltda., combines live television broadcasts
with interactive media technology and telecommunications components to create
live, interactive television programming for the Brazilian viewing public. Since
the merger on March 13, 2013 and up until the effectiveness of the Separation
Agreement, the Company has been in the business of producing live TV shows using
interactive media technology to generate revenue with an interactive telephone
calling component using its own unique and proprietary television programs that
include quiz shows, games, psychics and live chat formats.

Upon completion of the transactions contemplated by the Merger Agreement, the
Company will complete the acquisition of ACC and be in the business of providing
end-to-end solutions for businesses operating in the cannabis industry in states
and countries where cannabis is regulated and has been de-criminalized for
medical use and/or legalized for recreational use.

ACC provides its clients end-to-end solutions based on its specialized knowledge
of and experience with operating in regulated cannabis industries. ACC is both a
consulting and advisory service provider and a supplier of products and
equipment to businesses operating in this unique industry. ACC's service and
product offerings including the following:
• Guiding clients through state and local cannabis business license application
processes;
• Designing and implementing standard operating procedures and policies to ensure
compliance with the legal regulations of the cannabis industry;
• Assisting clients in monitoring their business to ensure compliance with laws
and regulations of the cannabis industry as well as optimal business operation;
• Educating and training ACC's clients on ACC's proven processes and techniques
for maximum yields of pharmaceutical grade cannabis in regulated commercial
cultivation environments;
• Advising and consulting clients on the acquisition and start-up of cannabis
businesses;
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• Supplying customers with a variety of products that support all phases of their cannabis business, including:
? The Satchel™, a child-resistant exit bag that will assist owners and operators
in the industry mitigate the risk of having product end up in the hands of
unintended individuals;
? A commercial scale cultivation solution for use in regulated cannabis markets,
which provides environmental controls, increases security, and achieves lean
manufacturing for ACC's customers; and
• Researching, designing, developing, and bringing to market new products for the
specific needs of the cannabis industry that help ACC's customers operate their
cannabis business on a daily basis.

Results of Operations - Three months ended June 30, 2014 and June 30, 2013
Revenues
We had revenue of $2,587,487 and $1,932,132 for the three months ended June 30,
2014 and 2013, respectively. The increase in our revenues is mainly attributed
to a higher billing rate in 2014 negotiated with our new Telecom partner.

Cost of Revenues
Cost of revenues was recorded at $2,173,423 and $1,489,534 during the three
months ended June 30, 2014 and 2013, respectively. Cost of revenues consists
primarily of cost of media time, television production crew contractors and the
cost of prize payouts. The increase in the cost of goods sold is attributed to
media pressures in the market, which resulted in higher media pay rates, as well
as an increase in media usage.

Operating Expenses
We had operating expenses of $1,792,024 and $468,495 for the three months ended
June 30, 2014 and 2013, respectively. The expenses were mainly attributed to
stock issuances for services rendered to the Company, as well as television
studio rent and maintenance costs, depreciation of equipment, subcontractor
costs, legal and professional fees, security and traveling expenses.

Net Income
We had net loss of $1,350,878 and a net loss of $59,043 for the three months
ended June 30, 2014 and 2013, respectively. Net loss for the three months ended
June 30, 2014 was due mainly to the expenses for services rendered which were
satisfied by equity issuances. The net loss for the three months ended June 30,
20013 was due to insufficient gross profit to cover our operating expenses.

Results of Operations - Six months ended June 30, 2014 and June 30, 2013
Revenues
We had revenue of $4,466,321 and $4,240,137 for the six months ended June 30,
2014 and 2013, respectively. The increase in our revenues is mainly attributed
to a higher billing rate in 2014 negotiated with our new Telecom partner.

Cost of Revenues
Cost of revenues was recorded at $4,038,732 and $3,185,803 during the six months
ended June 30, 2014 and 2013, respectively. Cost of revenues consists primarily
of cost of media time, television production crew contractors and the cost of
prize payouts. The increase in the cost of goods sold is attributed to media
pressures in the market, which resulted in higher media pay rate.

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Operating Expenses
We had operating expenses of $2,064,396 and $985,730 for the six months ended
June 30, 2014 and 2013, respectively. The expenses were mainly composed of
equity issuances for services rendered to the Company as well as television
studio rent and maintenance costs, depreciation of equipment, subcontractor
costs, legal and professional fees, security and traveling expenses.

Net Income
We had net loss of $1,570,426 and net income of $10,835 for the six months ended
June 30, 2014 and 2013, respectively. Net loss for the six months ended June 30,
2014 was due to the higher operating expenses from services rendered to the
Company, which was satisfied through equity issuances, and also media costs due
to market pressures resulting in higher media cost rates. The net income for the
six months ended June 30, 20013 was due to our gross profit level which was
enough to cover our operating expenses
Liquidity and Capital Resources
Cash flows used in operating activities were $288,183 and $172,421 for the six
months ended June 30, 2014 and 2013, respectively. The $288,183 provided by
operating activities for the six months ended June 30, 2014 was due primarily to
increase in accounts payable and accrued expenses. However, this was reduced by
an increase in other receivables and prepayments and advances to suppliers. The
$172,421 cash used in operating activities for the six months ended June 30,
2013 was attributed to mainly to an increase in Customer receivables which was
then offset by an increase in accounts payable and accrued expenses due to new
negotiated payment terms to vendors.

Cash flows used in investing activities were $50,737 and $0 during the six
months ended June 30, 2014 and 2013, respectively. This was mainly attributed to
the purchase of television studio and broadcast equipment during the six months
ended June 30, 2014.

Cash flows provided by financing activities were $367,139 and $168,556 for the
six months ended June 30, 2014 and 2013, respectively. For both periods, these
cashflows provided were attributed mainly to equity issuances for preferred
stock and debt issuance, as well as bank loan repayments and tax payments made
which were offset by bank borrowings.

Capital Expenditures
Overall, we have funded our cash needs from inception through June 30, 2014 with
a series of debt and equity transactions, primarily with related parties. If we
are unable to receive additional cash from our related parties, we may need to
rely on financing from outside sources through debt or equity transactions. Our
related parties are under no legal obligation to provide us with capital
infusions. Failure to obtain such financing could have a material adverse effect
on our operations and financial condition.

We had cash of $313,874 on hand as of June 30, 2014, of which $45,378 was
restricted in escrow as part of a new loan agreement deal with Bradesco Bank
which took effect on July 1, 2014. Currently, we have enough cash to fund our
operations for the next few months. This is based on current positive cash flows
from operation and potential funding from investor capital groups. Modifications
to our business plans may require additional capital for us to operate. For
example, if we are unable to raise additional capital in the future, this could
affect our ability to purchase media in advance and at a discount. This may
result in lower revenues and market share for us. In addition, there can be no
assurance that additional capital will be available to us when needed or
available on terms favorable to us.

On a long-term basis, liquidity is dependent on continuation and expansion of
operations, receipt of revenues, and additional infusions of capital and debt
financing. Our current capital and revenues are insufficient to fund such
expansion. If we choose to launch such an expansion campaign, we will require
substantially more capital. However, there can be no assurance that we will be
able to obtain additional equity or debt financing in the future, if at all. If
we are unable to raise additional capital, our growth potential will be
adversely affected and we will have to significantly modify our plans.

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Our success will be dependent upon implementing our plan of operations and the
risks associated with our business plans. Our strategy is to purchase TV media
in advance at discounted prices which also affects our gross profit. We plan to
strengthen our position in our market.

Off-Balance Sheet Arrangements
The Company does not have any off-balance sheet arrangements and it is not
anticipated that the Company will enter into any off-balance sheet arrangements.

Competition
The Company is unaware of any direct competition with the Company's products or
services in the Brazilian market.

Intellectual Property
In order to protect its proprietary television program formats and designs, the
Company has applied for several trademarks with the Brazilian patent and
trademark office.

Customer Base
Our overall target audience consists of members of the Brazilian television
viewing public who use cellular telephones. During the third quarter of 2013, we
began a focused effort to identify and categorize our client base, to allow us
to better customize our live programming to maximize viewer participation, as
well as prepare for the addition of advertising to our revenue model and better
inform the creative process of our new product development. Previously, our
business model, where income flows from third-party telecommunications providers
who bill the Company's customers directly, did not allow us access to detailed
information regarding the Company's customers. Beginning in the third quarter of
2013 the Company employs new systems operated by our technical and production
teams to create and maintain a constantly updated database of comprehensive
information regarding our customers. This database allows the Company to match
the style and content of our production to the preferences of our clients.

Employees
The Company contracts with thirty-six independent technical television
engineers, television production staff, financial staff, and clerical and
administrative support persons on an on-going as-needed basis. The majority of
our third-party contractors are members of a Brazilian television industry labor
union, in accordance with Brazilian law. There are no employment agreements.

Facilities
The Company does not own any real estate. The Company leases its principal
office at 3457 Ringsby Ct., Unit 111, Denver, CO 80216 with a month-to-month
lease payment of $2,000 per month.

The Company has no plans to acquire any property in the immediate future. The
Company believes that its current facilities are adequate for its needs through
the next twelve months, and that, should it be needed, suitable additional space
will be available to accommodate expansion of the Company's operations.